Raymond,
Good to hear from you as well!
Toxic waste? More like flies on shit! <bg>
I went long at $5.05, with a stop loss just under $5. I've been in cash for too long, so I guess I just got bored and had to try and trade something. <g> I'm just going for a quick trade, I don't plan on staying on to see if Crowe pulls this off or not. Frankly, with a market cap of $2B and debt of $8B, I think it will be hard to pull off. With that much debt, it is assured that common stockholders will get nothing on a possible sale/liquidation.
However, I think I will get at least 10%-15% out of this trade.
The powers that be are sure killing the retail guy, I think that NAZ is going to fall back and test its April lows, and the SOX is going to 500, if not under. The DOW is in for some pain as well, it won't be a pleasant summer for the Longs, IMHO.
Staying safe out there Ray?
Cheers,
Tom |
